Progressives' focus on income inequality can lead them to tax those who have more money, which may not be a popular decision amongst American citizens.
The speaker suggests that influencing someone's political position requires understanding the dynamics of their party, whilst also considering a different point of view. They discuss how listening to others and framing ideas in a different way can lead to changed opinions.
The host delves into the topic of cynicism in politics and uses examples from the Obama and Trump administrations to explain how politicians can act in their own self-interest rather than follow through with their beliefs. The recent vote on Obergefell and DOMA is discussed in the context of politicians using issues for strategic gain rather than genuine interest in the topic.
A call to action for President Biden to take a hold of his communication strategy was signaled in a recent podcast episode, which suggested reclaiming more of the center ground. It was noted that there may be too many far progressive left supporters in the White House, and a more centered approach is needed for the midterms.
Bill Hwang, former hedge fund manager of Archegos Capital Management, has been making a public apology tour after his company lost $8 billion due to a large margin position caused by an accounting quirk. He claims to not have known about the situation and is attempting to right his wrongs.